For what purposes can the Kafalat guaranteed loan be used?
The Kafalat guaranteed loan could be used for all business related expenditures that include:
• Purchase of equipment and capital goods. (These can be new or used)
• Plant renovation, expansion, etc.;
• Purchase of raw materials, spare parts, working capital, and consulting fees;
• Construction costs. (However, the loan should not be exclusively used to cover
• Marketing promotion activities, such as participation in show rooms, foreign exhibitions,
• Research and development;
• Other strategic objectives that serve the interest of SMEs and start ups.
The expenses have to be relevant to the business activity that is the subject of the loan.